The mental health benefits platform, which counts Providence Health and Services as an investor, doubled its valuation to $2.3m in the series E round.

Lyra Health, the US-based mental health services provider backed by healthcare provider Providence Health and Services, closed a $187m series E round yesterday led by venture capital firm Addition.

The round included investment and financial services group Fidelity, private equity firm Durable Capital Partners and investment management firm Baillie Gifford in addition to undisclosed existing backers. It roughly doubled the company’s overall funding to about $2.3bn.

Founded in 2015, Lyra provides mental health benefits through a digital platform that uses…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.